Scott Credit Union to open branch in Ferguson
New Halls Ferry location continues SCU’s growth in St. Louis
EDWARDSVILLE, IL (April 8, 2019) — Scott Credit Union is finalizing plans to open its third St. Louis County Branch late this summer.
The credit union, with headquarters in Edwardsville, IL, is finalizing plans in preparation for opening a full-service location at 10797 New Halls Ferry Road in Ferguson.
The newest SCU location will feature a 2,800-square-foot lobby with two teller pods, two offices, a conference room, a collaboration room, two drive-up lanes, and a drive-up ATM.
“We are excited to be growing again with a third location to serve people in St. Louis County,” said Scott Credit Union President & CEO Frank Padak. “We expect to open the Ferguson Branch in late summer. This is another step in our growth into St. Louis. We also recently added St. Louis City and St. Charles County to our field of membership. That means people who live or work in those counties can open accounts with us.”
The new Ferguson Branch is part of Scott Credit Union’s strategic growth plan to open branches and serve members in Missouri, Padak added.
“We want to be convenient so our 7,000 members and people who live in St. Louis County can take advantage of the value we offer,” he said. “We welcome the residents in the county to see why we are a great money-saving alternative.”
Scott Credit Union is a not-for-profit financial cooperative. When people open accounts at the credit union, they become a member and an owner. Because of its not-for-profit structure, Scott Credit Union has given $11 million back to members through a bonus dividend and loan interest rebate over the past 11 years.
“Our cooperative structure is really the best for consumers,” Padak added. “We don’t answer to a small group of stockholders. We answer to our members. Because of that structure, we pay more on our members’ savings, charge less when they need to borrow and keep fees low.”
About Scott Credit Union
Scott Credit Union is a full-service financial cooperative. When someone opens an account at the credit union, they become a member and an owner. Because of its structure, Scott Credit Union has given back nearly $13 million to members through a bonus dividend and loan interest rebate over the past 13 years.
Scott Credit Union currently has 20 area locations: Affton, MO; Ballpark Village in St. Louis, MO; Belleville, IL (two branches); Collinsville, IL; Columbia, IL; Crestwood, MO; Edwardsville, IL (two branches); Fairview Heights, IL; Ferguson, MO; Highland, IL; Ladue, MO; Lebanon, IL; Mascoutah, IL; O’Fallon, IL; Troy, IL; Scott Air Force Base in Illinois; Waterloo, IL; and Wood River, IL.
For details on career opportunities at Scott Credit Union, visit www.scu.org/careers
